The EURJPY keeps the positivity – Analysis – 13-4-2022
The EURJPY pair confirmed keeping the domination of the bullish bias by consolidating above 134.80 level, forming bullish waves to settle near 136.10, while stochastic rally above 50 level allows us to expect renewing the positive attempts, to move towards 137.10 followed by trying to press on the bullish channel’s resistance at 137.75.
Note that attempting to crawl below 134.80 level will postpone the bullish attack, to suffer some losses by moving towards 133.60.
The expected trading range for today is between 135.60 and 137.70
The expected trend for today: Bullish
The GBPJPY repeats the pressure on the barrier – Analysis – 13-4-2022
The GBPJPY pair repeated the pressure on 163.60 barrier, affected by the major indicators that agree to provide the positive momentum, to increase the chances of resuming the bullish attack and target new positive levels that might start at 164.40 and 164.80.
We remind you that failing to breach the current barrier might force it to form temporary correctional rebound to suffer some losses by crawling towards 162.60 followed by reaching the additional support at 161.40.
The expected trading range for today is between 162.60 and 164.80
The expected trend for today: Bullish
Platinum price awaits the break – Analysis – 13-4-2022
Platinum price still affected by the additional negative momentum, which forces it to continue the sideways fluctuation and settle near 975.00, reminding you that the main stability below 1030.00 resistance and the consolidation of the moving average 55 above the current price allow us to wait to break 50% Fibonacci correction level at 950.00 to ease the mission of resuming the decline by moving towards 908.00 direct.
The expected trading range for today is between 1010.00 and 950.00
The expected trend for today: Bearish
No news for copper price – Analysis – 13-4-2022
Copper price didn’t record any new negative target until this moment, to continue fluctuating within sideways range near 4.7500, affected by the contradiction between the major indicators, while the negative stability below 4.8100 barrier assists to reinforce the chances of the bearish track to keep waiting to gather the negative momentum and manage to reach 4.5500 and 4.3300 levels.
The expected trading range for today is between 4.8100 and 4.5500
The expected trend for today: Bearish